The disclosure comes after citigroup introduced its plan to chop over 20,000 jobs within the subsequent two years.
Citigroup cites Jane Fraser’s efficiency in executing the “most consequential set of changes to its organisational and management model since the 2008 financial crisis”
Citigroup CEO Jane Fraser’s compensation rose 6 per cent yr-on-yr to $26 million. His wage included a base wage of $1.5 million and a money bonus of $3.7 million in addition to $20.8 million in deferred efficiency-linked inventory.
In an organization submitting, Citigroup cited Fraser’s efficiency in executing the “most consequential set of changes to its organisational and management model since the 2008 financial crisis”.
The disclosure comes after the lender introduced its plan to chop over 20,000 jobs within the subsequent two years.
In the fourth quarter ended October-December, Citigroup reported its worst quarterly leads to over a decade at $1.8 billion.
Salaries of Top Global CEOs
The wage of Morgan Stanley CEO James Gorman stands at $37 million, JP Morgan’s Jamie Dimon receives $36 million, Goldman Sachs’ David Solomon will get $31 million, and Bank of America’s Brian Moynihan is at present getting $29 million.
